Is it fraud or misleading for a land contract to state it is real property?

L not necessarily. A given seeing of whatever sort may fall into class A for some purposes and class B for others. For many purposes a land contract me be treated as personal, Rother Vin real, property. However, it concerns the transfer of an interest in real property. So determining whether the land contract is one thing or another, you need to look at the reason for the classification. It would be a good idea to consult a lawyer will versed in real property law to advise you about how the distinction works in your community. Good luck